Etihad Credit Insurance, African Trade Insurance Agency sign reciprocal reinsurance agreement
Etihad Credit Insurance (ECI) and the African Trade Insurance Agency (ATI) have signed a reciprocal reinsurance agreement to strengthen business ties between the two markets and boost exports by offering credit insurance and trade finance solutions to businesses. The agreement follows the Memorandum of Understanding (MoU) signed by each entity in March last year to improve exporters’ global competitiveness by improving their knowledge of export credit and trade finance solutions and encouraging them to use risk mitigation tools against commercial ones and political risks. According to the agreement, signed by Etihad Credit Insurance CEO Massimo Falcioni and ATI CEO Manuel Moses, both organizations aim to support joint ventures in the Emirates and Africa in their own countries, as well as their joint initiatives in other countries that are there enable these companies to increase trade. Worldwide. Stressing the importance of this strategic alliance, Falcioni said: “The United A...